These 3 states have the most small-scale photovoltaic solar panels – pv magazine USA
Also on the rise: $ 150 million construction revolver for DSD, Sunlight Financial offers products in the Spanish language, and what’s up with the wind?
The top three states with the smallest solar photovoltaic (PV) capacity at the end of 2020 were California (10.6 GW), New Jersey (1.9 GW) and Massachusetts (1.8 GW).
Of the 4.5 GW of small-scale solar capacity added to the United States in 2020, California accounted for 31%, by far the largest share.
And although Texas and Florida have less total small-scale solar capacity than California or New Jersey, capacity has grown rapidly in recent years. In 2020, Texas added 422 MW of small-scale solar power and Florida added 282 MW. State incentives, strong solar resources, and policy changes are largely responsible for these gains.
The rankings were published by the Ministry of Energy Energy information administration (EIA), which defines “small scale” as any installation connected to the grid and of a size less than 1 MW.
New Jersey, New York and Massachusetts are the leaders in small-scale solar capacity despite less favorable solar resources. In these states, long-standing national policies such as renewable and clean energy standards and other incentives, some of which include specific provisions for solar power, encourage the growth of small-scale solar capacity.
Small-scale solar capacity in Texas increased 63% in 2020.
In 2020, small-scale solar capacity in Texas increased by 63%, from 670 MW in 2019 to 1,093 MW. The EIA said Texas is not forcing utility companies to purchase excess energy from residential solar panels. As such, net metering – which allows customers who generate their own electricity to sell excess electricity back to the grid – is not available to many Lone Star State owners. Some retail power companies, however, offer a renewable energy buyback program in the form of bill credits. And, the state offers a property tax exemption for the home’s added value from rooftop solar installations, encouraging small-scale solar growth in the state, the EIA said.
Removing restrictions on rented solar systems has encouraged small-scale solar growth in Florida. Until April 2018, the Florida Public Service Commission restricted sales of electricity from leased solar systems. Without this restriction, electricity customers can now rent solar systems with little or no upfront costs, making solar PV more economical and driving strong growth. In 2020, small-scale solar capacity there increased by 57%, from 492 MW in 2019 to 773 MW.
While not among the top states for total small-scale solar capacity, Illinois added 309 MW of small-scale solar capacity in 2020, the third highest number of additions, according to the EIA. The additions doubled small-scale solar capacity in the state from 206 MW in 2019 to 515 MW in 2020.
Construction revolver for DSD
Distributed Solar Development (DSD) was awarded a two-year contract, $ 150 Million Construction Revolver with Rabobank, a global food and agrifood bank. The money will fund Distributed Solar’s pipeline of solar projects in the commercial and industrial (C&I) market.
The gun follows a $ 300 million debt facility that DSD entered into with Credit Suisse end of January. The revolver incorporates multiple tax equity partnerships and is designed to provide capital throughout the DSD business cycle, including an equipment supply sub-limit.
Spanish loan products
Sunlight Financial says he adds Loan products in Spanish to improve its technology platform, Orange. The move aims to further extend solar power to potential customers who have had difficulty entering the market due to language barriers.
Sunlight is a point-of-sale finance company that works with contractors nationwide to provide homeowners with financing for the installation of residential solar systems and other home improvements.
At the end of January, Sunlight agreed to merge with Spartan Acquisition Corp. The combined public company will be named Sunlight Financial Holdings Inc., and Sunlight’s current management team will continue to lead the business.
What’s up with the wind?
In 2019 and 2020, developers of American projects installed more wind power capacity than any other generation technology. Data from the EIA’s preliminary monthly electric generator inventory shows that annual wind turbine capacity additions set a record in 2020, totaling 14.2 GW, surpassing the previous record of 13.2 GW added in 2012 The total capacity of the wind turbines now stands at 118 GW.
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